Asian Paints Ltd
NSE:ASIANPAINT
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (15), the stock would be worth ₹3 070.72 (26% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 11.9 | ₹2 446.7 |
0%
|
| 3-Year Average | 15 | ₹3 070.72 |
+26%
|
| 5-Year Average | 18.7 | ₹3 822.18 |
+56%
|
| Industry Average | 2.8 | ₹574.83 |
-77%
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| Country Average | 3.3 | ₹665.81 |
-73%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| IN |
|
Asian Paints Ltd
NSE:ASIANPAINT
|
2.4T INR | 11.9 | 60.8 | |
| JP |
|
Shin-Etsu Chemical Co Ltd
TSE:4063
|
13.3T JPY | 3.1 | 27.3 | |
| US |
|
Sherwin-Williams Co
NYSE:SHW
|
78.7B USD | 17.1 | 30.7 | |
| US |
|
Ecolab Inc
NYSE:ECL
|
72.4B USD | 7.4 | 34.9 | |
| JP |
Y
|
Yasuhara Chemical Co Ltd
TSE:4957
|
10.8T JPY | 0.7 | 10.5 | |
| CN |
|
Wanhua Chemical Group Co Ltd
SSE:600309
|
280.1B CNY | 2.6 | 21.3 | |
| CH |
|
Givaudan SA
SIX:GIVN
|
25.9B CHF | 5.7 | 24.1 | |
| DK |
|
Novozymes A/S
CSE:NZYM B
|
165.6B DKK | 11.8 | 54.8 | |
| US |
|
PPG Industries Inc
NYSE:PPG
|
23.4B USD | 2.9 | 14.8 | |
| CH |
|
Sika AG
F:SIKA
|
19.9B EUR | 2.7 | 17.5 | |
| US |
|
Albemarle Corp
NYSE:ALB
|
22.5B USD | 2.4 | -33.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 2.1 |
| Median | 3.3 |
| 70th Percentile | 5.5 |
| Max | 4 699.1 |
Other Multiples
Asian Paints Ltd
Glance View
Asian Paints Ltd., a stalwart in the realm of decorative and industrial coatings, traces its origins back to 1942 when four friends embarked on a journey to establish a paint company amidst the turmoil of a world war. From these humble beginnings, it flourished into a leading force in the paint industry, serving not just India but an expansive global market. The company's core business revolves around manufacturing and selling a diverse range of paints and coatings for residential, commercial, and industrial applications. By focusing on the needs and preferences of local markets, Asian Paints has carved a niche with products spanning basic enamels to advanced waterproofing solutions and textured finishes, catering to the aesthetic demands of modern consumers. As a master of branding and distribution, it has developed a wide-reaching network supported by innovative digital tools, enabling it to maintain a strong foothold even in the most remote markets. The company's business model pivots on a deft combination of manufacturing excellence, operational efficiency, and an unwavering emphasis on innovation and customer satisfaction. Asian Paints thrives by making its products desirable and accessible, ensuring that its extensive portfolio meets a full spectrum of consumer needs from economy to premium segments. Their robust supply chain, meticulous logistics, and strategic partnerships with retailers create a seamless path from factories to customers. Additionally, Asian Paints has embraced technological advancement by investing in research and development to stay at the cutting edge of eco-friendly solutions and smart products, positioning itself as a forward-thinking leader. With its strategic approach and adaptability, Asian Paints not only continues to enhance its market share but also reinforces its brand as synonymous with quality and trust in the ever-evolving landscape of the paint industry.